Can I open a business bank account with just EIN?
Yes, some major Canadian banks allow non-residents to open accounts, and in some cases, you can start the application process online before you even move to Canada. When you arrive in the country, you will typically need to visit a branch to finalize the process and present your identification. While you might not need a Canadian address to begin the application, once the account is fully activated, the bank will likely require an address of record for regulatory and communication purposes. Navigating these requirements can be easier if you are banking with one of the "Big Five" Canadian banks, which often have dedicated programs to assist newcomers and non-residents with their transition.
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